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Los Osos, CA Real Estate News

By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
"Why would we want to find the tax assessor records for a property?" you may ask. ANSWER: To prepare the HUD-1 before sending it to the short-sale lender. For example, a homeowner may be 2 years past due on their property taxes, but you fail to list the past-due taxes on the HUD-1. Then the short-sale lender approves the HUD-1 as WRITTEN. So you go to escrow, the title company runs a preliminary title report (AKA "prelim") and you find out that $10,000 is owed in property taxes. Now the short-sale lender (bank) won't approve any deduction in their "net" proceeds as written on the HUD-1, so now you're in a quandry. At this point, the choices are: You can pay the extra $10,000 that was not accounted for (no commission for you, eh!) You can ask another party to pay it ~ good luck with that...
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By Paul Pickering
(Bay Osos Brokers)
If the price chosen to market your Los Osos property was based solely on price comparisons of properties that have sold, you could either be leaving money on the table or making certain that your home is "sale proof" by overpricing it.   Click to View My Entire Article "Get and Appraisal First Before Selling!"  If you list your Los Osos home with me, and subsequently have an independent 3rd party professional appraisal completed, I'll be happy to reimburse the cost of the appraisal if I'm able to sell your home. Click to Visit My Website at SLOhomes4sale.com to view all current Los Osos homes currently for sale or to see how I can help you sell your home, FAST!    Paul Pickering Broker Associate, Bay Osos Brokers CA DRE License #0997005 SEARCH ENGINE KEYWORDS LOS OSOS HOME PRICES LOS OS...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
And if you're like most Americans and you REALLY HATE paying income taxes,   Eliminate Income TAX & the IRS! I just signed @govmikehuckabee petition for a Fair Tax Congress http://bit.ly/aysQXT Tax Day is rapidly approaching. As Americans prepare to give an unfair and growing amount of their paychecks to the Federal Government, our mission is clearer now more than ever: Folks, it is time we put the IRS out of business. Together we can accomplish this goal if we work hard to elect a record number of candidates to Congress this November who support the Fair Tax or who are willing to learn more about it. But before I explain how we do this, let me first - for those of you who are unfamiliar with the Fair Tax - briefly explain how it works. You get rid of income tax.  You get rid of all the...
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By Paul Pickering
(Bay Osos Brokers)
In response to the fed's "first-time & move-up home buyers' tax credits" due to expire on 4/30/10, the State of California has new legislation extending a tax credit of up to $10,000 to Los Osos home buyers.  The credit is spread evenly over three years and is available to anyone who buys a newly built home or to first-time home buyers who buy a newly built or existing home.   To use this $10,000 credit, a home buyer must owe at least $3,333 in state income tax in each of the three years. A home buyer who owed only $2,000 in one year would lose $1,333 in tax savings that year. The unused credit cannot be used to reduce taxes owed in past or future years.  This program begins May 1, 2010 and extends to the end of the year.  Click to Visit My Website at SLOhomes4sale.com to view all Los O...
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By Paul Pickering
(Bay Osos Brokers)
Interested in finding out what your Los Osos home is currently worth?  If so,   click for a Free/No Obligation Market Analysis of your Los Osos home. In the meantime, here are the latest year-to-date sales numbers, averages prices, and number of days homes in Los Osos are currently spending on the market (as of 1/1/10):    Area                                 Total Sales         Average Sales Price           Market Time Los Osos                                   12                        367,000                      81 Stats are for single family homes and are derived from the Central Coast Multiple Listing Service and are subject to change & copyright law.  Copyright 2010.  Click to Visit My Website at SLOhomes4sale.com to view all Los Osos homes currently on the market!      "Mr. Stat...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
"Late this afternoon, Gov. Schwarzenegger signed Assembly Bill 183, the Homebuyer Tax Credit legislation, into law. His actions today are the result of our efforts in Sacramento over the last several weeks as members and our team in the capital worked for the bill's passage before it landed on the governor's desk. AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. The eligible taxpayer who purchases a qualified personal residence on and after May 1, 2010, and on or before Dec. 31, 2010, or who purchases a qualified principal residence on and after Dec. 31, 2010, and before Aug. 1, 2011, pursuant to an enforceable contract execu...
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By Paul Pickering
(Bay Osos Brokers)
Interested in finding out what your Los Osos home is currently worth?  If so,   click for a Free/No Obligation Market Analysis of your Los Osos home. In the meantime, here are the latest year-to-date sales numbers, averages prices, and number of days homes in Los Osos are currently spending on the market (as of 1/1/10):    Area                                 Total Sales         Average Sales Price           Market Time Los Osos                                   12                        367,000                      81 Stats are for single family homes and are derived from the Central Coast Multiple Listing Service and are subject to change & copyright law.  Copyright 2010.  Click to Visit My Website at SLOhomes4sale.com to view all current Los Osos listings!     "Mr. Statistics" Paul P...
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By Paul Pickering
(Bay Osos Brokers)
Interested in finding out what your Los Osos home is currently worth?  If so,   click for a Free/No Obligation Market Analysis of your Los Osos home. In the meantime, here are the latest year-to-date sales numbers, averages prices, and number of days homes in Los Osos are currently spending on the market (as of 1/1/10):    Area                                 Total Sales         Average Sales Price           Market Time Los Osos                                   5                        375,000                      91 Stats are for single family homes and are derived from the Central Coast Multiple Listing Service and are subject to change & copyright law.  Copyright 2010.  Click to Visit My Website at SLOhomes4sale.com to view all current Los Osos listings!     "Mr. Statistics" Paul Pi...
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By Paul Pickering
(Bay Osos Brokers)
According to a recent survey from Foreclosure Radar, a leading web-based research firm that monitors foreclosures in California, the number of foreclosures in California decreased in December '09 as compared to December '08. When comparing SLO County to other counties with in the state, however, the number of foreclosures actually went up when comparing December '08 with '09.  However, when comparing the volume of foreclosures in San Luis Obispo County with other counties within the state, SLO County barely registers.  This, in large part, can be credited to the county's geographic location, but most importantly, to its ridged control over growth. If an educated conclusion can be drawn from this industry survey, volume should be used as the most import factor as it applies to evaluating...
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  1.  "Over Pricing Your Property:" Always be sure to look at my local area statistics so you can stay on top of what's happening in your area of the Central Coast.   Click to View my "Local Los Osos Home Sales Statistics."     2. "Not Looking for Good Deals:"   I have access to virtually all bank-owned homes (REOs) on the Central Coast.  Call me and I'll put an REO specific property search together for you!   Or, Click to Search the Central Coast MLS for Homes and Land.    3. "Purchasing a Cheap Foreclosure:"   While foreclosures can offer homebuyers big discounts, these homes sometimes come with a great deal of deferred maintenance in the form of repairs requiring thousands to correct.                                                                                      4. "Not Using t...
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By Paul Pickering
(Bay Osos Brokers)
Interested in finding out what your Los Osos home is currently worth?  If so,   click for a Free/No Obligation Market Analysis of your Los Osos home. In the meantime, here are the latest sales numbers, averages prices, and number of days homes are currently spending on the market in your Central Coast Area!    Area Total Sales Average Sales Price Market Time (days) Cambria 93 729,000 128 Cayucos 26 773,000 114 Morro Bay 96 574,000 137 Los Osos 113  436,000 97  San Luis Obispo 194  618,000 90  Pismo Beach 62  815,000 117 Arroyo Grande 200  554,000  102 Grover Beach 83  347,000 95 Oceano 29  307,000 97  Nipomo 182  424,000 94 Atascadero 246  404,000 91 Paso Robles* 314  323,000 94  Templeton 86 689,000 136 All stats are for single family homes.  *Stats for Paso Robles include those within...
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By Paul Pickering
(Bay Osos Brokers)
  If you are looking at a "short sale" home to purchase in Los Osos, but the seller (or borrower) has a 1st trust deed and a 2nd, the likelihood of both lenders working out a solution is slim to none-particularly if a home's value has continued to diminish during the short sale process (typically 6 months or longer).   So you know, a successful short sale on a home with both a 1st and 2nd trust deed is entirely contingent on the 2nd trust deed recouping a minimum of 10 percent on the current loan's balance.  Furthermore, the actual close-of-escrow-ratio of homes being sold through a short sale process is less than one percent.   Don't confuse REOs or Foreclosures with Short Sales.  For more information on the pitfalls of Short Sales,   Click to read my entire Short Sale Advisory   Clic...
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By Paul Pickering
(Bay Osos Brokers)
Interested in finding out what your Los Osos home is currently worth?  If so,   click for a Free/No Obligation Market Analysis of your Los Osos home. In the meantime, here are the latest sales numbers, averages prices, and number of days homes are currently spending on the market in your Central Coast Area!   Current Year-to-Date Statistics in All Areas I have Clients . . . Area Total Sales Average Sales Price Market Time (days) Cambria 80 749,000 121 Cayucos 23 720,000 109 Morro Bay 89 576,000 138 Los Osos 94  442,000 96  San Luis Obispo 177  620,000 89  Pismo Beach 58  825,000 120 Arroyo Grande 179  552,000  106 Grover Beach 73  348,000 97 Oceano 24  315,000 97  Nipomo 161  428,000 97 Atascadero 213  393,000 87 Paso Robles* 281  322,000 100  Templeton 77 690,000 131 All stats are for ...
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By Paul Pickering
(Bay Osos Brokers)
Tired of Being a Landlord?  Need Help with a 1031 Exchange? Slow Rental Market Affecting Your Investment?   If you need to sell your Los Osos / Baywood Park rental or investment property I can help you:   -- Sell Your Rental or Investment Property for Top Dollar  -- Eliminate Your Landlord Duties & Headaches  -- Increase Current Cash Flow, Renew Depreciation, and Identify Better Investments, and  -- Defer 100 percent of Your Property's Capital Gains Tax!   Click for a Free Comparitive Market Analysis of Your Property    Click to View the IRS's rules regarding 1031 Exchanges   Click to View Tips on Selling Your Rental or Investment Property     Click to View Recent Local Home Sale Statistics or Click to View My Website   If you are tired of your Tenants, their Trash, Toilets and the Prop...
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By Paul Pickering
(Bay Osos Brokers)
It's still a great time to sell your Los Osos / Baywood Park home-providing you have the most accurate/up-to-date sales information and good marketing plan like I can provide . . .     Click to Search Your Los Osos / Baywood Park home's Current Value Click to View The Latest Year-to-date Los Osos / Baywood Park Home Sales Statistics Click to Visit my website at SLOhomes4sale.com   Search all Los Osos / Baywood Park Homes by price range to see what's currently on the market! Click:  Entry Level/ $0 to $350K Click:  Mid-range/ $350K to $550K Click:  Upper-range/  $550K to $750K Click:  Upper & Beyond/  $750K to $3,000,000    "Mr. Statistics" Paul Pickering, Broker Associate Bay Osos Brokers, CA DRE# 00997005 SEARCH ENGINE KEYWORDS:LOS OSOS / BAYWOOD PARK HOME VALUES LOS OSOS / BAYWOOD PAR...
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                         Searching for LOS OSOS / BAYWOOD PARK  BANK OWNED HOMES, FORECLOSURES, and REOs?       If so,    Click to receive LosOsosBankOwnedHomes by Email, or Click to see all LOS OSOS / BAYWOOD PARK HOMES FOR SALE ,or Click to View My Website www.SLOHomes4Sale.com, or Email me at paul@SLOHomes4Sale.com if you have any questions I can answer for you.       SEARCH LOS OSOS / BAYWOOD PARK NEIGHBORHOODS CABRILLO ESTATE CENTRAL BUSINES DAISEY HILL DAISY HILL HIGHLANDS LOST OAK MORRO SHORE SEA OAK SUNNY OAK SUNSET TERRACE TOWN OF EL MORO Paul Pickering, Broker Associate Bay Osos Brokers "Your Los Osos / Baywood Park Foreclosure, REO, and Bank Owned Home Expert" CA DRE License #00997005 Cell Phone 805 235 3221 or paul@slohomes4sale.com SEARCH ENGINE KEYWORDS:LOS OSOS HOMES FOR ...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Realtors® and Real Estate Agents: Would you like to become a member of the My Green Parachute referral system?  It's a special referral program that allows retired real estate agents to refer their past clients to active real estate agents, like you!  Once you join, our retired agent members can contact you directly from our membership roster. FOR A LIMITED TIME, it's free to sign up!  The $100 initial enrollment fee will be deferred until you receive your first compensation! Click here for more info: http://www.joinmgp.com/index.php?option=com_content&view=article&id=129&Itemid=31   It's easy to sign up: Scroll down and enter your name & contact info  Then select "Active Field Agent" In the "message" field, type in this code:  RPB4AR Click "Submit" Next go back to this page & sign up f...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
www.EventBrite.com is a really cool online program that allows you to ADVERTISE your event, send out emails (even hundreds), collect registration fees, and count number of attendees (including their complete contact info).  You can use it for: Hosting a Buyer Seminar Advertising a fundraiser Facilitating a Workshop Training Session for Agents If you don't charge any fees for your event, then EventBrite is free!  Isn't that cool? Another event management software is www.Cvent.com, does anyone have any feedback on this program? Regina P. BrownBroker, Realtor®, e-ProAuthor of eBook "Stop Foreclosure Fast: Solutions to Save your House"Author of forthcoming book, "Virtual Office Guide for Business Professionals:  Work & Profit from Home"Join my NEW group for professionals who work from their...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
You want to create Goodwill by building relationships and investing in others -- but you can't afford to give away all your time, effort, resource, can you? "Sure it is healthy to offer your expertise and time to potential clients and customers online, this is how you build trust and relationships.  Where it becomes dangerous to not only your business but your bank account is when you do not set boundaries. This is the biggest mistake that I see with online social networking.  People fall into what I call Panic Marketing Mode and they keep giving and giving, asking for nothing in return." Starr Hall, a forward-thinking, energetic, and imaginative publicist with a tireless dedication to her clients, addresses this topic in her blog article, "Giving Your Time & Services Away for FREE on S...
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By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
Just another of the awesome above-and-beyond benefits from the California Association of Realtors®, exclusively for its members.  From the C.A.R. Newsline issue emailed on 04 March 2009: "FREE FHA WEBINARS PRESENTED BY HUD "Beginning in mid-March, C.A.R. will be offering a free FHA webinar series consisting of three one-hour sessions. The webinars were created for C.A.R. members and will be presented by HUD Marketing and Outreach Specialist Nancy West. Space is limited, so register early to reserve your spot."Sessions covering a variety of tops are scheduled for March 19, April 2, and April 16. For detailed information and to register for the sessions, visit http://www.car.org/education/FHA/." NOTE:  The Webinar series is sponsored by the C.A.R. Education and Business Products, so you m...
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